Allianz backs Wrisk

Wrisk, a provider of embedded insurance for the automotive sector, announced that Allianz has invested in the company as part of its ~$16 million Series B funding round, which was announced in July 2025. Wrisk raised $35 million excluding this latest investment.

Allianz has been Wrisk’s primary underwriter for almost 10 years.

The Series B funding will support Wrisk’s international expansion and continued investment in its data science and data insights capabilities.

Wrisk operates two companies – Wrisk Limited and its wholly-owned subsidiary Wrisk Transfer Limited. In 2024, Wrisk Transfer Limited generated £13.3 million in revenue and £4.8 million in profit, while Wrisk Limited posted £568k in revenue and a £4.3 million loss, resulting in a combined group profit of ~£529k. Based on our analysis, as of December 31, 2024, the Wrisk group reported total liabilities of ~£13.6 million against cash reserves of £11.9 million, which includes ~£5.7 million of restricted cash.

“Allianz’s investment is a strong endorsement of Wrisk’s strategy and our role in helping insurers and OEMs work more closely together. As OEMs increasingly look for fewer, more strategic insurance partners, our ability to combine deep OEM relationships with sophisticated data and technology becomes ever more important. We are delighted to welcome Allianz as a shareholder and look forward to deepening our long-term partnership.” – Nimeshh Patel, CEO of Wrisk.

“Wrisk has built a compelling platform at the intersection of insurance, data and the automotive sector. Its close relationships with OEMs and focus on data-driven insurance solutions align closely with Allianz’s strategic priorities, and we are pleased to support Wrisk as it continues to scale its business and capabilities.” – Ulf Lange, Managing Director, Personal Lines, at Allianz UK.